Hundreds of homes planned for Timnath's Serratoga Falls

TIMNATH – Serratoga Falls LLC plans to open 524 more lots for development in Timnath.

Residents will have an opportunity learn more about the company's plans for the Serratoga Falls neighborhood during a planning commission meeting at 6 p.m. Tuesday at the Timnath Administration Building, 4800 Goodman Road.

There are 49 existing lots in the Serratoga Falls neighborhood located east of Larimer County Road 5 and north of Prospect Road, Timnath town planner Matt Blakely said Friday morning. Serratoga Falls LLC. plans to build 524 more lots on about 322 acres in the area; lots range from 6,000 to 12,000 square feet.

"I'm not sure if it's contentious, but residents are going to have a lot of questions," Blakely said. "They're expanding, and their plans changed from what they were in 2008."

The plans then were to build about 360 custom and semi-custom homes in the neighborhood on large lots, Scott Baggett said. Baggett bought his house in Serratoga Falls in 2010.

"What appealed to me was the openness and the amount of green space out there and the strict covenants that meant you had to have a certain size of home," Baggett said. "We're afraid the new developments are really going damage our home values."

Baggett and other neighbors are concerned about the high-density of the homes, an increase in traffic and a possible overflow to area schools, he said. "It's happening fast, and we're afraid it's going to happen so fast it's just going to railroad through."

A call for a comment from Serratoga Falls LLC was made Friday, but no return call had been received as of Friday afternoon.